2020-11-16T15:18:15-06:00 2019-12-31 ERNST & YOUNG US LLP 77 WATER STREET 9TH FL NEW YORK NY 10005 990PF 2019-01-01 367434011 THE KAPNICK FOUNDATION U/A/S 8/15/04 % ERNST & YOUNG US LLP KAPN 2124400800 PO BOX 73 NEW YORK NY 102740073 SCOTT B KAPNICK TRUSTEE 2123960333 2020-11-15 true William Rabetz P00963994 2124400800 96.246.206.231 26363620203215000018 2020-11-16 P 91DF8E835DC407B954C418444727BC203F1C766A BF6741686A87976A47A0DBB5902AE8537C8667CA 2019 2021-04-22 16:20:28Z X 52899923 X 0 X 158595 158595 0 3671502 3669994 0 -2470 3909792 0 536357 437260 0 4363984 4265849 0 0 322685 0 0 0 470101 423720 0 11340 792786 423720 0 11340 7688974 7688974 8481760 423720 0 7700314 -4117776 3842129 0 522216 525899 525899 17048716 6044188 6044188 52034300 58917369 46329836 69605232 65487456 52899923 29857 29857 29857 29857 X 69575375 65457599 69575375 65457599 69605232 65487456 69575375 -4117776 65457599 65457599 PFIC CAP GAINS - OFFSHORE MEZZANINE PARTNERS III INSTITUTIONAL LP 399867 399867 399867 SECTION 1231 G(L) THRU CRESTVIEW PARTNERS II 12120 -12120 -12120 SECTION 1250 THRU CRESTVIW PARTNERS II 75 75 75 STCG THRU CRESTVIEW PTRS III TE 1081 1081 1081 LTCG THRU CRESTVIEW PARTNERS II 26179 26179 26179 LTCG THRU CRESTVIEW PTRS III TE 79014 -79014 -79014 LTCG(L) THRU SPECIALTY LOAN INSTIT 2016-L 3473 3473 3473 SALE OF MARKETABLE SECURITIES - JPM 206 206 206 DISTRIBUTIONS EXCESS BASIS- HIGHBRIDGE PRINC INSTIT. 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ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). N/A N/A 397000 9507065 44303758 54207823 0 54207823 813117 53394706 2669735 2669735 38421 38421 2631314 2631314 2631314 7700314 0 0 0 0 7700314 38421 7661893 2631314 0 2017 2016 2015 0 564420 2862709 3085353 397054 4968263 11877799 7700314 0 2631314 5069000 16946799 0 0 0 0 564420 16382379 2862709 3085353 397054 4968263 5069000 SCOTT B KAPNICK PO BOX 73 BOWL NEW YORK NY 10274-0073 NONE X SEE STATEMENT ATTACHED SEE STATEMENT ATTACHED NEW YORK NY 10274 SEE STATEMENT ATTACHED 7688974 7688974 14 158595 523000 1508 14 3669994 523000 -3241 18 771 ORDINARY INCOME THRU CRESTVIEW PTR II LP 523000 89390 PORTFOLIO INC THRU SPECIALTY LOAN 01 155032 OTHER INCOME THRU CRESTVIEW PTR II LP 523000 -94 OTHER INCOME THRU CRESTVIEW PTR II LP 01 149062 PFIC ORD INCOME HB IRISH SPECIALTY LOAN FUND III 01 9148 PFIC ORD INCOME PROVIDENCE DEBT FUND III 01 17874 PFIC ORD INC HPS LOAN MGMT 9-2016 LTD 01 43369 ORD INCOME THRU CRESTVIEW PTRS II LP 01 -4736 ROYALTY INCOME THRU CRESTVIEW PTRS II 01 502 1293 - ORD EARNINGS FROM QEF 01 10338 SEC 988 GAIN THRU CRESTVUEW III(TE) 01 28 PORT INCOME THRU GS VINTAGE V 523000 01 7616 PORT INCOME THRU GS VINTAGE VII OFFSHORE 523000 01 8880 PFIC ORD INCOME - STRATA CLO I, LTD 01 40147 PFIC - REAL ESTATE CREDIT SOLUTIONS OFFSHORE FD II 523000 11928 01 -2127 99491 4264493 4363984 false false false false false false false false false false N/A LTCG THRU GS VINTAGE VII 126218 126218 SEC 1231 G(L) THRU CRESTVIEW PARTNERS II - UBTI 3241 -3241 SEE LONG POSITION I ATTACHED 400000 402000 GS VINTAGE FUND V, LP 1287350 448414 GS CAPITAL PARTNERS 2000, LP 131574 0 GS VINTAGE FUND VIII OFFSHORE 50000 50337 GS MEZZANINE PARTNERS 2006 LP 1880323 52100 CRESTVIEW PARTNERS II LP 847720 2573507 CRESTVIEW PTRS III (TE) LP 684001 613226 CHAYTON SAVA PROPERTY FUND 0 0 GS CAPITAL PARTNERS V, LP 973365 168500 HIGHBRIDGE INSTITUTIONAL MEZZA 0 840494 SOROBAN OPP CAYMAN FUND LTD 7331975 7933047 HIGHBRIDGE IRISH SPECIALTY LOAN FUND III 2128572 2354549 GS VINTAGE FUND VIII OFFSHORE HOLDINGS 1203079 1381027 HIGHBRIDGE STRATEGIC CAPITAL PTRS TFO FUND LP 0 0 THE KINGSWAY FUND FRONTIER 3211641 3027181 CONSUMER FRANCHISES PETERSHILL II OFFSHORE LP 1643125 1802646 PROVIDENCE DEBT FUND III 449652 601994 YOUR VOICE SPA ITALY 307175 279955 WATFORD HOLDINGS FED FUNDS 755726 635599 FOLGER HILL PARTNERS(CAYMAN) 1000000 0 CREDIT VALUE OFFSHORE FD 2016 2239026 1364750 AQUAHYDRATE 640000 640000 ASIA L/S CREDIT OFFSHORE FUND 14000000 9673840 OFFSHORE MEZZANINE PARTN III INSTITUTIONAL, LP 7729528 7198353 SPECIALTY LOAN INSTITUTIONAL FUND 2016-L, LP 1683451 1446979 HPS LOAN MANAGEMENT 9-2016,LTD 464111 300000 VINTAGE VII AIV OFFSHORE SCSP 217660 77984 CRESTVIEW PARTNERS III (DE) LP 68794 133857 SENTIENT FUND I LTD 2666667 0 REAL ESTATE CREDIT SOLUTIONS OFFSHORE FUND II 97872 87765 STRATA CLO I LTD AT COST 874971 1176471 KKR ASIAN FD III PVT IN O/S LP AT COST 470586 590024 STARWOOD SOF XI PVT IN O/S LP AT COST 180640 184972 SVSS IV PVT IN O/S LP AT COST 278490 290265 STAR INTERMEDIATE I INC 10266 0 THE NORTHERN TRUST 3000000 0 INTEREST EXPENSE THRU: -PETERSHILL II OFFSHORE 8409 8409 0 0 -GS ACCOUNT 175719 175719 0 0 -CRESTVIEW PTRS II LP 11819 11819 0 0 PORTFOLIO DEDUCTIONS THRU: -CRESTVIEW PTRS II LP 46433 46433 0 0 -CRESTVIEW PTRS III TE 13075 13075 0 0 -PETERSHILL II OFFSHORE 42709 42709 0 0 -VINTAGE VII AIV OFFSHORE SCSP 57680 57680 0 0 SEC 59(E)(2) EXPENDITURE THRU CRESTVIEW PARTNERS II - UBTI 15369 0 0 0 ILLINOIS FILING FEE 130 0 0 130 ILLINOIS TAX - UBTI 16710 0 0 6710 ALLOWABLE DEPLETION - UBTI 7 7 0 0 -CRESTVIEW II 4957 0 0 0 N/D EXPENSE THRU K-1 4715 EY- TAX PREPARATION FEES 14500 10000 0 4500 MGMT FEES- HPS OFFS MEZZ III 39381 39381 0 0 MGMT FEES THRU GS VINTAGE V 18488 18488 0 0 PFIC ORD INC HB IRISH SPECIALTY LOAN III 9148 9148 0 PFIC ORD INCOME THRU PROVIDENCE DEBT III 17874 17874 0 PFIC ORD INCOME THRU HPS LOAN MGT 9-2016 43369 43369 0 PFIC ORD INCOME THRU STRATA CLO I, LTD 40147 40147 0 ORD INC THRU CRESTVIEW PTRS II LP -4736 -4736 0 ORD INC THRU CRESTVIEW PTRS II LP - UBTI 89390 0 0 PORTFOLIO INCOME THRU SPECIALTY LOAN INS 155032 155032 0 OTHER INCOME THRU CRESTVIEW PTRS II 149062 149062 0 OTHER INC THRU CRESTVIEW PTRS II - UBTI -94 0 0 OTHER INCOME THRU FOLGER HILL OTHER INCOME THRU EEZ LLC SEC 1293 - ORD EARNINGS FROM QEF 10338 10338 0 SEC 1293 - ORD EARNINGS FROM QEF UBTI SEC 988 GAIN THRU CRESTVIEW III (TE) 28 28 0 SEC 987 GAIN THRU GS ROYALTY INCOME THRU CRESTVIEW PTRS II 502 502 0 OTHER INCOME THRU SOROBAN PORT INCOME THRU GS VINTAGE V 7616 7616 0 PORT INCOME THRU GS VINTAGE VII OFFSHORE 8880 8880 0 PFIC - REAL ESTATE CREDIT SOLUTIONS OFFSHORE FD II 9801 0 DUE TO VINTAGE VII AIV OFFSHORE 29857 29857 FEDERAL TAX PAID: -EXTENSION FOR 2018 990PF 322500 0 0 0 -FEDERAL ESTIMATE PAYMENT 185 0 0 0